GCI Liberty Inc (NASDAQ:GLIBA) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 8,288,700 shares, a decline of 6.0% from the June 15th total of 8,818,000 shares. Currently, 8.7% of the company’s stock are sold short. Based on an average daily volume of 332,900 shares, the days-to-cover ratio is currently 24.9 days.

In other GCI Liberty news, Director Ronald A. Duncan sold 50,500 shares of GCI Liberty stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $60.80, for a total transaction of $3,070,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.78% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GLIBA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of GCI Liberty by 6.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,356 shares of the company’s stock valued at $391,000 after buying an additional 368 shares during the period. Financial Gravity Wealth Inc. boosted its stake in shares of GCI Liberty by 308.8% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock valued at $97,000 after buying an additional 1,189 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of GCI Liberty by 308.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 53,880 shares of the company’s stock valued at $3,311,000 after buying an additional 40,680 shares during the period. Strs Ohio boosted its stake in shares of GCI Liberty by 14.8% during the 2nd quarter. Strs Ohio now owns 8,684 shares of the company’s stock valued at $533,000 after buying an additional 1,119 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of GCI Liberty during the 2nd quarter valued at $12,534,000. 87.59% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on GLIBA shares. B. Riley set a $13.00 target price on Vista Outdoor and gave the company a “buy” rating in a report on Friday, May 10th. Pivotal Research reissued a “buy” rating and issued a $69.00 target price (up from $65.00) on shares of GCI Liberty in a report on Friday, May 10th. Finally, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th.

NASDAQ GLIBA traded up $0.55 on Tuesday, hitting $60.82. 14,173 shares of the company’s stock were exchanged, compared to its average volume of 274,087. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $62.20. GCI Liberty has a fifty-two week low of $38.72 and a fifty-two week high of $64.85. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of -38.35 and a beta of 1.43.

GCI Liberty (NASDAQ:GLIBA) last released its quarterly earnings results on Thursday, May 9th. The company reported ($1.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.83). The firm had revenue of $217.74 million during the quarter, compared to analyst estimates of $220.00 million. GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. As a group, equities analysts expect that GCI Liberty will post 5.73 EPS for the current year.

GCI Liberty Company Profile

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

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